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Opinion: Trump delivers a masterclass in converting US presidential power into wealth
Editor
3 hours ago 9,716
Golden Finance reported that the issuance of $TRUMP caught the crypto industry off guard. Analysts believe that this issuance is either a peak signal in the history of the cryptocurrency market, or it is the start of a new round of irrational exuberance in an industry that has experienced several rounds of similar fanaticism. Day one. $TRUMP has greatly enriched Trump’s personal wealth, provided the crypto industry with a mechanism to funnel cash to him, and created an unstable financial asset that allows anyone in the world to economically speculate on Trump political destiny. Given the Supreme Court's broad interpretation of presidential immunity, such actions are likely to be deemed legal, and Trump has arguably demonstrated a masterclass in converting American presidential power into wealth.
Keywords: Bitcoin
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